Celebrating humanity's flourishing through the spread of capitalism and the rule of law
03 Dec 2025 Leave a comment
in applied price theory, history of economic thought, labour economics, labour supply, poverty and inequality
Tweet… is from page 181 of the late UCLA economist William Allen’s superb 1989 collection of the transcripts of his radio addresses, The Midnight Economist; specifically, it’s from Allen’s April 1985 address “Employment and Wages, Competition and Fairness”: The more valuable the worker, the higher the bid for his services. The high wage offer reflects…
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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